In three to five sentences, explain why it is difficult to balance economic issues with environmental ones. Be sure to use examples from this lesson.

Environmentally conscious decisions are typically more expensive.

To produce products cheaply, businesses will use cheap sources of power and choose ease over what is best for the environment. Oil for example is cheaper than wind or solar power but the latter is better for the environment.

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topeadeniran2 topeadeniran2 · Answer 2 · 2021-12-02T18:33:00+01:00

It's difficult to balance economic issues with environmental issues because environmental regulations may hurt businesses.

It should be noted that producers don't usually consider others when taking their decisions. As a result, producers produce goods that have negative externalities to others.

Therefore, this brings about environmental degradation. Also, positive externalities can lead to inefficient market outcomes. Therefore, there's always a conflict to balance economic issues with environmental ones.

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